Business & Industry

Sep 1, 2015

Leader in Copper business

The demand for copper is growing. Copper is one of the key metals of modern economic development, found in nearly every new apartment or office block, vehicle and electrical appliance. It is one of the best heat and electricity conductors, it is resistant to corrosion and it is present in various alloys. Over the medium term supply remains constrained, and the outlook for copper is positive.

KAZ Minerals is a high growth copper company focused on large scale, low cost open pit mining in Kazakhstan. The company plans to increase its copper production significantly with the commencement of its Major Growth Projects – Bozshakol, Aktogay and Koksay. At every step, KAZ Minerals aims to deliver value, not volume. In October 2014 the company completed a major restructuring of the Group which will enable it to focus on the delivery of its Major Growth Projects. The main goal is to achieve 80% of ore output from large scale, low cost open pit mines producing approximately 300 kt of copper in concentrate by 2018. This represents a compound annual growth in production of 35% between 2014 and 2018 – amongst the highest in the industry. KAZ Minerals also produces and sells significant quantities of zinc, silver and gold as by-products.

In 2014, total copper cathode output from continuing operations was 84 kt. The Group's continuing operations also produced 121 kt of zinc in concentrate, 3,435 koz of silver and 35 koz of gold in 2014.

KAZ Minerals crushes the ore in several stages and processes the ore into copper and zinc concentrates at our four concentrators. The copper concentrate from the East Region and Bozymchak is currently transported to the Balkhash smelter for processing. The Balkhash smelter is owned and operated by Cuprum Holding and KAZ Minerals has long term agreements with the latter company for the provision of smelting services. Copper concentrate from Bozshakol and Aktogay is expected to be exported directly to China. KAZ Minerals has recently agreed to conduct a scoping study to evaluate the possibility of smelting in Kazakhstan.

Corporate Responsability

KAZ Minerals is one of Kazakhstan's highest profile and fastest growing companies. With this economic strength comes a corporate responsibility to protect and respect our employees, their families and the local environment. The company is committed to its people and the communities and environements in which it operates.

The long-term prosperity of this business relies on addressing the economic, social and environmental implications of operations on local communities and Kazakhstan as a whole. Establishing and maintaining positive relations with communities, and contributing to the wider economy through employment, paying taxes, using local suppliers, and investing in community infrastructure helps to ensure a local licence to operate, as well as positioning KAZ as an attractive employer.

KAZ Minerals is a significant employer and tax payer, supporting local enterprise by procuring over half of the goods and services needed in Kazakhstan. The company respects the rights of anyone who comes into contact with its business, for instance by ensuring good working conditions and consulting with communities. KAZ also works to minimise the negative impacts of its operations, by controlling noise, dust and traffic levels and by ensuring that the vital resources that communities need are not exhausted.

Copper mining and processing is resource-intensive and KAZ Minerals aims to avoid related environmental damage at every stage of the mining lifecycle. Operation licences relies on fulfilling the requirements of environmental permits, and KAZ seeks to further reduce its enviromental impacts where possible. Doing so helps to manage financial, regulatory and reputational risks to the business. The company is investing in the upgrade of equipment to become more efficient, which brings environmental benefits, and also engages with environmental policymakers to help meet changing regulations in Kazakhstan.

The Group Restructuring completed in 2014 saw the disposal of the smelting and power generating facilities, along with a number of mature mines and concentrators, resulting in a change of our environmental footprint, but our overall impact on the environment will continue to be significant given the nature of our operations.

More Articles

FeaturedArticles

  • 1. Lloyds-Bank-Bank-With-a-Bar

    Business & Industry

    Nov 1, 2017

    BANK WITH A BAR

    On a time where the normal has been the savage closure of bank branches, estimating that today there are circa 8,000 bank branches open for business on the United Kingdom when on 1989 there were nearly 18,000 (according to Reuters),...

  • 01

    Culture & Art

    Jun 1, 2017

    COME RAIN OR SUNSHINE

    They're umbrellas, but of paper. They seem to be the result of an advanced origami technique, but in fact it is a very different process, also coming from Japan.

  • Depositphotos_8751638_xl-2015

    Science & Nature

    Mar 1, 2017

    2016 SCIENCE DISCOVERIES - A CLEARER UNIVERSE

    Last year was fertile in discoveries and scientific advance which, a short time ago, looked like mirages. Thanks to some of them, details on the past, present and future of Mankind can now be seen in a clearer way.


  • 2014-10-20 14.14.49

    Home & Design

    May 1, 2017

    GARDENS OF THE FUTURE

    If you like green, prepare your heart, because the gardens of the future are breathtaking and will be everywhere. From the corner on the porch, to the kitchen, living room, service area, yard and, especially, in the cities and office...

  • epo15_Jonkers-0322_9F0C9396E8DC4F75A713C3D05913F5AB

    Science & Nature

    Jun 1, 2017

    A technological leap

    Buildings and structures that can, by magic, completely regenerate the cracks caused by pressure, changes in temperature or humidity? What was a science fiction scenario only a few years ago is already a reality thanks to the invention...

  • campeõeseuropa

    Sport

    May 11, 2018

    THE COUNTRY OF FOOTBALL

    We all know that football is a social phenomenon made of passion as irrational as she, as passion is not accountable, cannot be measured or evaluated and no one can control her


  • Technology

    Apr 1, 2015

    True pioneers

    For years Pioneer has introduced innovative and high quality products into the market. A world-first in many ways, the japanese company has been through several changes over the years, but kept the original philosophy that gave birth...

  • cecina

    Food & Beverage

    Apr 1, 2016

    A Taste of Centuries

    If you have never heard about Cecina de León, it is just about time everyone did. It is a smoked and dried beef meat, with the outside of a toasted brownish dark maroon colour. Inside, it is coloured in cherry maroon, increasing in...

  • 1. De-Grisogono-Flawless

    Luxury & Fashion

    Nov 1, 2017

    FLAWLESS!

    In some ways, it represents a life dedicated to beauty and perfection. We are talking about the magnificent work performed by Fawaz Gruosi over the largest D-color flawless diamond ever found and owned presently by the luxury jeweller...